08/09 ATR Levels and Range== no input today just levels and lines
SCALP
SR2 531.99
SR1 531.08
SPOP 530.16
LAST PRICE 529.25
SBREAK 528.34
SS1 527.42
SS2 526.51
R2 538.38
R1 534.87
POP 532.76
LAST PRICE 529.25
BREAK 525.77
S1 523.00
S2 521.16
SPY trade ideas
S&P500 reaches Sell ZoneThis area offers the best Risk to Reward ratio for Opening Fresh Short positions Top of the TrapZone, Once RED UMVD starts and we start seeing RED Bars again
If VIX stays high we can get another leg down!
Hey SPY Lovers! We are on a slow recoveringThe price touched our area of interest and has started to bounce back upwards. As you can see in the indicator, the SPY is beginning its slow strength. If you Compare the structure with the oscillator on the bottom, you will see there will be a bull run soon .
The question is: will this be the bull run we've been looking for, to reach our area of interest or even higher?
No one knows for sure, but for now, I want to show you that the SPY is starting the recovery process.
HERE IS THE KEY: We need to pay much attention to Nvidia's report because, if you remember, the last time they reported, it practically pushed all the markets to new highs!
Let's see what happens."
$SPY August 9, 2024AMEX:SPY August 9, 2024
15 Minutes
Opened gap up.
Second bar close was good. Near top of bar and going below low of first bar.
So bought around 524 for 528.5. trade over.
Now AMEX:SPY above all averages except 200 in 15 minutes.
So, for the day considering the rise from 518.05 to 531.3, holding 523 524 levels i have a target 532.5 to 535.
If you draw extension from recent low 510.28 to 531.59 to 518.05, we get a target 540.
Buy we have 200 yet to cross. Hence aiming for 532.5 to 535 first.
For the day i will sell below 520.
As said earlier. Day is still in uptrend.
For me trend change in day only if 490-493 is broken.
SPY to 487The lower trend line points to down.
The Fibonacci retracement points to down.
The RSI is about to go under 50 on the weekly.
That's my prediction. But I'm a nobody.
SPY/QQQ Plan Your Trade For 8-8 : Harami Means IndecisionThis update to my morning video was created to help you understand why a Harami pattern will likely prompt fairly large price rotation today.
The Harami pattern is an indecision type of pattern. It suggests price is struggling to find direction and may attempt to test upper and lower boundaries.
The purpose of the Harami pattern is to flush out weaker trading positions while, essentially, completing a minor Flag formation.
The Harami pattern is an Inside Bar. By structure, this Inside Bar is a Flag setup (very short-term).
The end of a Flag Formation means price will attempt to move into a new trending mode - or move back into a new Flag formation.
Pay attention to how price constructs this Harami/Flag pattern today.
Get some.
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SPY ES short back on table In the event the two day low is taken out to the down side, that will stimulate me into action on taking a short. This may only have a small move but want to have runner at that point just in case.
I have not seen acceptance of the higher prices. An amazing top 6 top 8 push this week, really impressive stuff. yet when the next and the rest of the top 50 going hard could not hold higher ground told me bulls for this move had to power.
We will see if i can get triggered and get enough move to cover put decay. Yes will be controlling the loss on this one with options.
I will take long trades and sure have been. just only posting about my short quest.
SPY/QQQ Plan Your Trade for 8-8 : A Volatile Harami PatternToday's SPY Cycle Pattern is a Harami/Inside.
Because of the recent price volatility and the current price FLAG setup, I expect today's Harami pattern to include a fairly large high/low price range. That means we may see very solid price trending (up/down) throughout the day - whereas today's open/close range should stay within yesterday's open/close range.
If you've been following my research, I expect the SPY to attempt to mount a fairly strong rally over the next 10+ days (possibly longer). After the recent bout of volatility (the Kamala-Crush), I believe the US markets will attempt to move into what I'm calling a Vortex Rally based on simple fundamentals.
In order for this to happen, we need to see a few things happen:
- the US dollar continues to strengthen
- crude oil should continue to slide downward (possibly targeting $65)
- IYT (TRAN) should stay somewhat muted into the end of this year
- Gold/Silver should continue to move upward
- Global markets should continue to struggle
If this happens, it will strengthen my Vortex Rally expectations into 2025 and beyond.
Remember, the SPY Cycle Patterns are not always 100% accurate. But they can provide a very clear context for expectations, and when used with other TA techniques and proper risk management - they can be incredibly helpful.
Get some.
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SPY and Gaps: Essential Data for Traders and Investors🔍 Research Data:
Analysis Period: 12/31/1999 to 08/02/2024
Target Asset: ETF SPY
Time Frame: 1 Week
Total Candles: 1284
Candles with Gaps: 241
Percentage of Gaps: 18.77%
However, only 33 of these gaps, or 13.69% of the gaps, remained by the end of the week.
What is a Gap? Gaps are spaces on the chart where no trading occurred. They form when the opening of a candle is higher than the previous candle’s high or lower than the previous candle’s low. Gaps are usually caused by significant news or events that occur outside of normal trading hours.
Why is this Important? For traders and investors, understanding the occurrence of gaps is crucial. This data reveals that although 18.77% of weekly candles present gaps, the majority of these gaps do not persist until the end of the week. This can be used to adjust positions and create specific strategies that take advantage of the potential return to previous gap levels.
Possible Strategy:
Condition: Candle opens below the previous candle's low
Entry: Buy at market
Target: Previous candle's low
Exit: Candle close if the target is not hit;
Disclaimer
⚠️ Important Notice:
Personal Data: The above research is based on my personal data and analysis of the weekly chart of the ETF SPY.
Independent Verification: I strongly recommend that you conduct your own research to confirm this scenario before using this information.
Strategy Testing: Always test your strategies in simulated environments or with capital that you can afford to lose before applying them in the real market.
If you found this information useful, give this post a boost! Don't forget to follow me for more trading insights and strategies. Let's connect – drop your thoughts and experiences in the comments below! 🚀📈
$SPY August 8,2024AMEX:SPY August 8,2024
15 Minutes
Gap up was not able to sustain.
And 529-533 was resistance as expected.
Now for the day i will take 2 numbers.
The rise 510.28 to 531.59
The fall 531.59 to 518.05
The rise has retraced 61.8%So holding 514 levels is crucial for the day.
And for the fall 526 level could be resistance on a retrace.
So, i will sell below 514 and buy above 529 for the day.
This gives a 15$ gap.
So based on close of bar in 14 minutes during the day if i get a chance to enter above 522 levels, and moving average 9 is above 21 then I might go for a trade for 527-529 levels.
AMEX:SPY is weak as it is below all moving averages. So, any buy is only a contra trade with strict stop loss.
Where is the S&P500 trend?Where is the S&P500 going with this recent decline?
We can observe to key parallel channels that have acted as support and resistance both in the near and short term.
The Uplsoping channel in on watch as price action is struggling to close back above. As long as we remain in the upsloping channel we have to observe the risk of falling to the lower boundary range.
If we recapture the falling channel we can always float back up to the upper range.
SPY: Wave 5SPY bounce hard upward this morning to complete minor wave 4. Wave 5 began 2 hours into cash session and completed wave (possibly wave 2), and we will begin wave 3 of 5 within the next day, I believe. Final target for Wave 5 is 497, then a larger wave 2 begins.
Wave 2 PT is 540
Strategy Puts or Calls$516 is the mark. Open above $516 then we can see $521 by thursday. If we lose $516 then we can see $507 by thursday. Only buy options after we break or lose !!!
Good luck !!!
$SPY $QQQ etc. Bearish trendDownward megaphone, markets built a bear flag since Black Monday's drop. Perhaps we will see $500 AMEX:SPY next, finally!
SPY/QQQ Plan Your trade For 8-7 : Perfect Flat-Down PatternToday's Flat/Down pattern played out perfectly. Now, as price nears support, we should be looking to position our trading for the next big move higher over the next 5+ trading days.
If my research is accurate, the SPY/QQQ should begin to setup a base mid/late tomorrow and start to rally into Friday - carrying into early next week.
Watch the video I created this morning to learn more.
This short follow-up video will help you understand how my SPY Cycle Patterns work and how you can benefit from their interpretive capabilities.
Get some.
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SPY -Are you seeing what I'm seeing?I know , SPY is oversold but technically this is what I'm seeing. Probably 500 is for sure but 518 should break for it to be possible.
Watch me read and trade the market like youve never seen before.Long video but WELL worth the watch if you're trying to learn how I do what I do. In this video I walk through every candle on a 1 minute chart prior to the impending drop - and I explain how and why I am expecting the drop.
There is simply no other way to read the market with this much certainty and confidence! And whatever I do here on the 1 minute chart can be identically correlated to the 5 min, 15 min, 1HR, 1D, 1M, etc. All time frames work together and it's important to use them all to tell the story and pick the best entries.
Feel free to ask questions in the comments or let me know if you found this helpful, cool, or anything!
Happy Trading :)
Crash energy again Short SPY biglyI'm in a hurry here. I get high today, crash action within a day and target 15% down. SPY shouldn't get above $533.
This lines up with messages a long time ago suggesting the market gives back almost the entire rally, so we'll see.
SPY: Dead Cat Bounce? D&W Charts.After reaching a critical turning point, the SPY seems to be trying to react, and we see a decent recovery.
In previous studies, we successfully identified the top signal on the weekly chart, the featured Bearish Engulfing, which culminated in a sharp drop to the support point at $510. The link to our latest public study here on TradingView is below this post.
Now, we see that the price has left some gaps on the daily chart, and the first of them was closed yesterday, which makes it an Exhaustion Gap, one of the four types of gap.
In theory, the SPY should recover in the medium term, but we don't yet see a reversal chart structure suggesting a change in sentiment. For now, SPY is still making downward tops and bottoms, and is still below the 21-day EMA, so we need to stay alert, as it is still a bear trend, despite the short/mid-term bullish outlook.
I'll keep you updated.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
All the best,
Nathan.
Massive US Growth Will Decouple Many Global MarketsPlease watch this video to learn my viewpoint on where real opportunities exist for traders.
For many months, I've suggested that the US markets could double or triple over the next 5 to 7+ years. Some people laugh at my expectations, but others seem to "get it."
In this video, I try to explain why my expectations are valid and why I believe the "crash-dummies" will continue to trap traders into believing each new high reached is a fantastic selling opportunity.
Please watch this video and listen to what I'm trying to share. I don't see the markets as a risk related to a massive financial or global crisis (although it could happen).
I see the markets as shifting/changing related to a post-COVID coupling/decoupling event - very similar to what happened, briefly, in the 1990s.
A decoupling event would shift global economics to a point where global assets move away from determined risk factors and towards safety/security. That means the US stock market, as long as the US Dollar & US economy stays relatively strong, would be the most logical in-demand asset for the next 2~5+ years.
It is straightforward when you consider what is happening.
I hope this helps you understand where opportunities exist and how important it is to rethink what is unfolding right now.
Get some.
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$SPY ShortPlaying the relief bounce bear flag AMEX:SPY , would like to see lower volume into tomorrow and distribution into the 538-541 area then swing weekly puts
